Escrow Money Deposits and Using Another Closing Attorney

[Wesley Merriweather]

I have a question regarding Earnest Money. I have a current deal that will become very profitable for me as a wholesaler and I'm wondering after all the back and forth with the seller, he opted that the only way we could lock down this great investment property deal which has good margins in it if and only if I put down $1000 earnest money deposit in a trust account with his personal real estate attorney. I am fine with that now but the the issue is, will I be able to close with my real estate attorney who is familiar with my process and understands my positioning in the deal. Is that acceptable and common? Also, How would I get my earnest money back after the deal has closed? I have a clause in my contract as follows "Buyer has paid an earnest money deposit of $1000.00, which shall be credited to Buyer at the closing of this agreement". So After the End Buyer brings the full amount of funds to the table, how do I go about getting the $1000.00 returned to ME without me being out of that money which in essence should I be receving my credit of $1000.00? This is going to be my second deal and I'm confident in the deal I just need the assurance that I am doing things within the guidelines of what a wholesaler should do to make this easier on me and convenient for everyone in the transaction.